Buying a Home in 2009? Don?t Make These Mistakes! Many people are looking at the low mortgage interest rates and the falling home prices and thinking that 2009 would be a great year for buying a home. Indeed, if you are in a good position with regard to your credit score, and if you have [...]
January 13 2009 | Homes Mortgages and Loans in the news | No Comments »
Mortgage Rates May Be Low, But That Doesn?t Mean You?ll Be Approved Right now, the big news is that mortgage rates are at their lowest in years. It is no surprise, then, that mortgage applications are way up — especially in terms of refinancing. (One of my goals for the New Year is to refinance [...]
January 06 2009 | Homes Mortgages and Loans in the news | No Comments »
Should You Pay Your Mortgage Off Early? One of the debates that often surfaces surrounding the home mortgage loan is whether or not it is worth it to pay your mortgage off early. Since I am of the school that it is better to get out of debt as soon as possible, I tend to [...]
December 16 2008 | Homes Mortgages and Loans in the news | No Comments »
Loan Modification Only Delaying the Inevitable for Some Homeowners Back at the beginning of the year, loan modification was hailed as the way to help troubled homeowners deal avoid foreclosure. Turns out that in many cases, loan modification only helps delay the inevitable. CNN Money reports on foreclosures: Some 53% of borrowers with loans modified [...]
December 09 2008 | Homes Mortgages and Loans in the news | No Comments »
Mortgage applications up 112.1% last week, due to drop in rates: MBA – Market… Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship,” said Orawin Velz, associate vice president of economic forecasting for the association. GSEs refer … A Rush Into [...]
December 04 2008 | Homes Mortgages and Loans in the news | No Comments »
Mortgage Market News: Fannie Mae, Bush Administration It’s a busy Monday morning in the world of mortgage market news. One of the big pieces of news comes from Fannie Mae (and other mortgage lenders). The other piece of news is rather damning evidence that the Bush Administration was pretty well aware of what was coming [...]
December 02 2008 | Homes Mortgages and Loans in the news | No Comments »
Federal Reserve uses power to print money – Akron Beacon Journal WASHINGTON: The Bush administration had to strive mightily to win congressional approval of a $700 billion rescue package for the financial system. Now, with no muss and no fuss, the Federal Reserve has announced a program totaling $800 billion. What … Mortgage Lenders Report [...]
November 27 2008 | Homes Mortgages and Loans in the news | No Comments »
National Association of Homebuilders Wants its Own Stimulus Package With all the largess flowing from Washington, it’s starting to become difficult in terms of figuring out where money is going (no one’s worried about where it’s coming from, at any rate). And I know everyone’s all about the Citi bailout this morning, but another stimulus [...]
November 25 2008 | Homes Mortgages and Loans in the news | No Comments »
Seller Financing Gains in Popularity in this Economy One of the issues right now in the housing market is how difficult it is to get lender financing. After all, many lenders are reluctant to lend. They’ve gone from offering loans to just about anyone to the other extreme: Getting approved for a mortgage loan can [...]
November 18 2008 | Homes Mortgages and Loans in the news | No Comments »
Scaling Back Mortgage Loan Expectations When my husband and I were looking for a home last year, it was just as the subprime thing was starting to come to light. No crisis, though. Mortgage interest rates were just below 6% and it was still possible to get a home with no down payment. We have [...]
October 28 2008 | Homes Mortgages and Loans in the news | No Comments »
